The application period for the accelerator program opens in October, and up to six companies will be admitted and take up residency in the ETC in February, according to a press release from the mayor’s office.
From the presser:
AccelerateBaltimore will again provide $25,000 in seed funding to each accelerator company, free office space, access to a high-level advisory team, a 13-week hands-on instructional program, and connections to potential investors, partners, and resources. [more]
The Mount Vernon-based Abell Foundation and the city provide funding for the accelerator.
Originally started in April 2012, AccelerateBaltimore graduated its first four companies in July: NewsUp, Kithly, Unbound Concepts and NoBadGift.com, which is presently participating in the NewME Accelerator program.
Baltimore-based companies selected for the first class of AccelerateBaltimore joined on the condition that they not relocate out of the city, although such a condition appears to be absent for the second round of AccelerateBaltimore startups, according to the Baltimore Sun.-30-